Ceva top creditor as shoe company goes bust, hit by e-commerce boom
The bankruptcy of a shoe company in the US has revealed an interesting snapshot of ...
The management and shareholders of Air Cargo Germany on Friday unanimously decided to declare insolvency, following the suspension of the carrier’s German operating certificate last month.
However, both parties believe there will be an opportunity to restructure the company and have said they hope to return to operating aircraft. In a statement on the website, chief executive Michael Schaecher wrote: “All options will be taken into account to restore customer confidence.”
For the background on the company’s travails in raising new finance, see our previous story.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
FAK rate hikes holding, with strong demand into peak season predicted
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article